MEP of Bangalore Rose Onions and Other Onions Raised by US$50/MT

[DGFT Notification No. 66 dated 12^th August 2011]

Subject: Minimum Export Price of Onions.

In exercise of powers conferred by Section 5 of the Foreign Trade (Development & Regulation) Act, 1992 (No. 22 of 1992) read with Para 2.1 of the Foreign Trade Policy, 2009-2014, the Central Government makes the following amendment in (i) Notification No 46(RE – 2010)/2009-2014 dated 16.05.2011 and (ii) Notification No 59(RE – 2010)/2009-2014 dated 15.07.2011 both read with Notification No 24(RE – 2010)/2009-2014 dated 18.02.2011. The amendment is made with immediate effect.

2. (i) The “Minimum Export Price(MEP) of US$ 350 per Metric Ton F.O.B. or as notified by DGFT from time-to-time” as appearing in para 2 of Notification No 46(RE – 2010)/2009-2014 dated 16.05.2011 for the item description at Serial Number 44.02 of Notification No 24(RE–2010)/2009-2014 dated 18.02.2011 is replaced by the “Minimum Export Price(MEP) of US$ 400 per Metric Ton F.O.B. or as notified by DGFT from time-to-time”.

(ii) The “Minimum Export Price(MEP) of US$ 230 per Metric Ton F.O.B. or as notified by DGFT from time-to-time” as appearing in para 2 of Notification No 59(RE – 2010)/2009-2014 dated 15.07.2011 for the item description at Serial Number 44.01 of Notification No 24(RE–2010)/2009-2014 dated 18.02.2011 is replaced by the “Minimum Export Price(MEP) of US$ 275 per Metric Ton F.O.B. or as notified by DGFT from time-to-time”.

3. Effect of this notification:

Minimum Export Price (MEP) of Bangalore Rose Onions and Krishnapuram onions will be US$ 400 per Metric Ton F.O.B. It was US$ 350 per Metric Ton as notified on 16.05.2011. Minimum Export Price (MEP) of onions other than Bangalore Rose Onions and Krishnapuram onions will be US$ 275 per Metric Ton F.O.B. It was US$ 230 per Metric Ton as notified on 15.07.2011.